Valuing financial securities often assumes that the contractual obligations of the security are going to be honored … securities are usually complex and it is difficult to find comparable securities for which to observe prices, valuation requires … financial institutions hold large amounts of these securities in their portfolios, and it is important that these institutions …

The behavior of securities dealers has been closely scrutinized in the 1990s. Recent investigations of the National … Association of Securities Dealers and the Nasdaq market by the U.S. Department of Justice and the Securities and Exchange …

markets.> This view has led some economists to advocate a securities transaction tax. Such a tax, it is argued, when applied … securities transaction tax. He concludes that the proponents have overstated the likely benefits of a securities transaction tax …

Securities trading has generated some of the most sensational scandals in the popular business press. In one of the …